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Caterpillar invests in Fisker for solid-state battery tech.

Mon, 10/29/2018 - 00:00 -- Hugh Finzel

The Caterpillar engineering group’s investment arm, Caterpillar Venture Capital (CVC), has invested an undisclosed sum in Fisker— a Californian electric vehicle start-up that is developing solid-state battery technology.

Fisker told BEST Battery Briefing details of the deal were being kept under wraps. However, a spokesperson said the investment, involving “fundamentally different industries”, demonstrated the “mutually recognised importance that electrification solutions will represent to multiple business segments in the future”.

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